Samart Digital Valuation

Q: What is the Fair Price of SDC-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SDC-R (THB0.06) is trading below our estimate of [[fair value]] (THB0.37)

Is SDC-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SDC-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SDC-R (THB0.06) is trading below our estimate of fair value (THB0.37)

Significantly Below Fair Value: SDC-R is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SDC-R?

Key metric: As SDC-R is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SDC-R. This is calculated by dividing SDC-R's market cap by their current revenue.
What is SDC-R's PS Ratio?
PS Ratio	1.5x
Sales	฿1.40b
Market Cap	฿2.07b

SDC-R key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.7x
Enterprise Value/EBITDA	36.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does SDC-R's PS Ratio compare to its peers?

The above table shows the PS ratio for SDC-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.9x
SECURE nForce Secure	1.2x	13.8%	฿1.3b
MSC Metro Systems Corporation	0.3x	n/a	฿2.8b
ILINK Interlink Communication	0.5x	4.2%	฿3.1b
SIMAT Simat Technologies	1.7x	n/a	฿1.5b
SDC-R Samart Digital	1.5x	n/a	฿2.1b

Price-To-Sales vs Peers: SDC-R is expensive based on its Price-To-Sales Ratio (1.5x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does SDC-R's PS Ratio compare vs other companies in the TH Electronic Industry?

0 Companies	Price / Sales	Estimated Growth	Market Cap

No more companies available in this PS range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SDC-R is expensive based on its Price-To-Sales Ratio (1.5x) compared to the TH Electronic industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is SDC-R's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SDC-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SDC-R's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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